2/34 Waihi Terrace, Geraldine, Timaru

Nestled in the tranquility of a quiet cul-de-sac at 2/34 Waihi Terrace, Geraldine, Timaru, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1976 with concrete walls and an iron roof, both in average condition, this level property is a prime example of a cross-lease title. The floor area spans a comfortable 100 square meters, while the government's capital value has seen a remarkable increase from $260,000 in 2020 to $365,000 as of 2023, reflecting a growth rate of 40.38%.

With a HouGarden AVM estimate of $335,000, the property's latest sale history is notable, with a transaction in 2024 for $400,000, a significant jump from the previous sale in 2006 for $157,000. This trend highlights the property's increasing desirability and investment potential.

For families with school-aged children, the property falls within the catchment area of esteemed institutions. Geraldine High School (Year 9-15) and Geraldine Primary School both hold a decile rating of 8, while St Joseph's School (Temuka) and Craighead Diocesan School are rated at 6 and 9 respectively. Roncalli College, catering to Year 9-15, has a decile rating of 7, ensuring a variety of quality educational options.

Updated on December 18, 2024